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Economist Steve Keen ("As an economist, I do something very unusual: I treat money seriously.") is one of the few economists to have predicted the global financial crisis and now he says we are already in a Great Depression. He says the way to escape it is to bankrupt the banks, nationalise the financial system and write off people's debt.

Keen speaks also about the impact of economic university departments, and why, if radical systemic change wont happen, the current situation will escalate and we wont see a real improvement for at least the next twenty years.Read his "Debtwatch" blog: www.debtdeflation.com/blogs/

Comments

Its good to see someone talking common sense. Why is it that our politician don't listen to people like Steven Keen?

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